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India's Q2 economic growth slows to 5.3%

Economist says the onus is on New Delhi to boost growth by reviving the investment climate and get reforms moving

Sat, Nov 29, 2014 - 5:50 AM

GOOD HARVEST: Thanks to growth in services and stronger-than-expected farming after a bad monsoon, the GDP reading was higher than economists' prediction.

PHOTO: AFP

New Delhi

DATA released on Friday that showed a slowdown in India's economy will put the central bank under renewed pressure to cut interest rates, while Prime Minister Narendra Modi takes his time over reforms needed for a revival.